TNAG-1813-FCO40-2574-Hong-Kong-Betting-Duty-(Amendment)-Ordinance-1988-(No.-1-of--1988 — Page 8

BETTING DUTY (AMENDMENT)

HONG KONG

No. 1 OF 1988

L.S.

I assent.

Ord. No. 1/88

A3

David WILSON,

Governor.

14 January 1988

An Ordinance to amend the Betting Duty Ordinance.

[15 January 1988]

Enacted by the Governor of Hong Kong, with the advice and consent

of the Legislative Council thereof.

1. This Ordinance may be cited as the Betting Duty (Amendment) Short title. Ordinance 1988.

2. Section 4C of the principal Ordinance is amended-

(a) in subsection (1) by deleting "Not less than 59 per cent" and

substituting the following—

"Fifty-nine per cent";

(b) in subsection (1A) by deleting "subsection (1)” and substituting

the following-

"subsections (1), (2) and (3)”;

(c) in subsection (2) by deleting "such percentage of the proceeds of a lottery as the Board with the approval of the Chief Secretary may from time to time determine" and substituting the following-

"7.5 per cent of the proceeds of a lottery"; and

(d) by deleting subsections (2A), (3) and (4) and substituting the

following-

"(3) Three and one half per cent of the proceeds of a lottery shall be paid into the Lotteries Fund.".

Amendment of section 4C.

(Cap. 108.)

3. (1) On the coming into force of this Ordinance a determination Transitional. shall be made of—